Evening Star Newspaper, September 20, 1935, Page 19

FINANCIAL, FREIGHT LOADINGS RISE T0 700357 Total Represents Increase of 107,571 Cars Over Preceding Week. FINANCIAL. THE EVENING STAR, WASHINGTON, D. €, FRIDAY, SEPTEMBER 20, 1935.- BONDS ARE HEAVY BONDS ON N. Y. STOCK EXCHANGEBANK JESFVES (Voied Alr Liner AT SESSION'S END DIP 252 MILLIONS Plane Operations Special Dispatch to The Star. , CHICAGO, September 20.—A warld Few Issues Show Recovery. Transfer of Treasury Cash Foreign Loans Under From Commercial Banks Steady Pressure. Cited by Report. First Mortgage Notes 60/0 Interest Secured on homes in the District of Columbia. Wm. H. Saunders Co., Inc. 1519 K St. N.W. Dist. 1015 High, Low. Close. 109 109% 109% 109 108% 109 112% 1117% 112% 112% 112 112 113% 112% 112% 49 dsm dow 103% 108 91% 24% 1T% 61 10815 921 1043 103 B{ private wire direct to The Star: Approximate Transactions Today. U. 8. Gov't Bonds.—.... $4.950,000 Foreign Bonds High. Low. chn AmT& T 4% 90% AmT&Tel tr Am T & T deb b 3 0% LY ‘Il 0% 1% 90% 7 98 98 103% 108% “ 4 Am Type Fd 65'40 cfs Am Wat Wks bs "44.. Am Wat Wks Am Writ Pap Anglo Ch Nitr 7. Ann A Istexin4 Armour & Co 4% Arm'r(Del)1st ¢s ‘55 A T&S Fe 48 '05-'66 . Interlake 6551 Int Ag col 55 ‘42 stp_. Int Cement 58’48 performance record for large-scale passenger and mail plane operation was claimed yesterday by United Air Lines when it announced the flying of all but 1,317 miles out of 3.020,241 miles scheduled during the last two months—a performance record »f 99.9 LIBERTY. High_ Low. Close. 4th 415 32-38 rg 10015 1009 10010 TREASURY. 23(81945-47 1002 9931 2% 1955-60. 998 9830 35 1946-48 . 10119 1019 Int Gt Nor ad) 68’624 Int Hydro El 6s'44__. Int Mer Mar Int Pap 1st 6347 A. 100 9830 10110 38 1951-55_ 31481946 |3%4s1949-52 3%s 1941 318 1044-46 BOND AVERAGES 10 10 10 Ralk lndu: Ul.h Fal n Net change. —. 10 Today, close 82.6 974 Prev. day.. 83.1 97.8 Month ago. 82.7 98.0 Year ago-.. 80.8 825 1935 high.. 878 98.7 1935 10W-... 76.4 845 88.9 1934 high... 89.4 73.7 68.2 60.2 745 - 458 400 646 422 1928 high. !01 1 98.9102.9 100.5 10 Low-Yield Bond: T'd'y, cl'se 109.7 Prev. day 110.1 Month ago 109.4 Year ago- 105.4 1935 high 110.7 1935 low.. 107.9 1934 high 108.3 1934 low 99.1 1928 high 104.4 1932low.. 868 3% s 1943-47 338 1946-56 45 1944-54 993 99.5 99.1 87.1 99.6 922 92.9 667 67.7 68.2 67.1 704 65.5 70.0 4%81947-52 FEDERAL FARM 2%8 1942-47__. 381947 351949 3151964 | Abitibi Pa&Pw 53’53 Akershus 5s ‘63 Antioquia 3d 7867 Antwerp 58 '58 Argentine 61562 Argentine 6s'57 A. By the Associated Press f Areestiné gacsan. ) NEW YORK. September 20—EX- | Argentine 6869 June cept for recoveries in scattered issues | Argentine 6s°59 Oct. the bond market closed heavy today 1:rx‘n:1‘na :a :gg 21:); - ctive rientine 63 D UESTED S 0an . | Argentine 65 '61 Febr pressure, with Italians showing “'PjAu!lrllllW.l'“.,,. widest losses. United States Govern- | pustralia 6s ‘5! ments carried a couple of minor gains | Australia 58 '57—____. to the close. but for the most part the | Belglum 6355 list was down 1-32d to 11-32ds of a | Belgium 6%4s°45____. point Belgium 7s 55 Secondary issues dipped sharply in lgelfl""“ 7866 . : o | Berlin 65758 eympathy with the down | Berlin 648 '50 ment in stocks. Low-priced rails were supplied at declines ranging from fractions to around 2 points. (Compfled by the Associated Press.) —mee 10123 10116 - 10221 10214 10213 10210 —=- 10626 10626 10327 10319 835 1940-43 June 106 10 1062 335 1941-43 Mar 10616 1068 10510 105 10814 108 109 26 10920 4245-3%5 1943-45 1048 10331 11410 11330 . 993 10010 1006 1008 10123 10214 10212 106 26 10319 1062 1068 105 108 10920 10331 11330 MORTGAGE. 9830 9830 —— 9931 9924 9924 - 10130 10121 10121 HOME OWNERS' LOAN. 9819 9810 9810 9928 9916 9918 FOREIGN BONDS. High. Low. Close. 30 29% 95 94 8 T 1004 100 102% 102% 107 112y 1087~ 25% 28 31 28% 5y A T&S Fe ad 43 '95 st A T&S Fe gn 48'95 AT&SFedl4s 48 Atl Coast L clt 45 '52. AtICLun¢%s'64 Atl Coast L clt 5545 Atlantic&D 1st Atlantic&D 2d 9l B&ObSs'96 F B & O ref 652000 D__ B & Oref 6s’95 C B&O PLE&W V 45’41 B&OSwnbs’50 ___. B & O Toledo 4s '59... Bang&Aroos 4s51__ Bang&Aroos cv 4551 Bell T of Pa 6548 B_ Bell T of Pa 5360 C Beth Steel 41,560 sf. Beth Stlpm 6s'36 ... Bos& Me 4%s'61J__ Bos & Me 6555 Bos & Me 65 '67___ BosNYAL4s'55 Bot Con M 615534 Bklyn Edis 5549 A__ Bklyn Edis 55°52 E__ Bklyn M T 6349 A__. Bklyn M T 6568 A Bklyn Un El 6s ‘60 Bklyn Un Gas §s ‘50 Buff R&P con 4.8 67 BCR&Ncl5s'34 __ Bush Term cn 55’65 Camag S 75 CZ cits Canada Sou 58 '62 A . Can’dian Nt R4148'51 Can’dian Nt R41:8'56 Can'dian Nt R4148'57 2 1081, " 1071y 1045 106's 107% g 1041 108 106% Int Pap ref 6s '65 IRT 1st ref bs' Int Ry of C A 6%5'47 IntT&T4% Int T & T 68 ‘65 , 1004 % 111% 70 4 106% 89 - 100% 5 111% 90 100 108% 101 100% 2% Tltg 10243 Ky&Ind T 4%s'6 Kings County Ell?w - 108% 101 100% 72! Tl Laclede Gas 6539 ___ Laclede G 6148°53 C. Laclede G 5%s ‘60 D_ LE& Wn 1st 5537 _ Lake S&M So 3%s ‘97 Lautaro Nitr 68 54 __ Leh C&N 41,554 A _ |LVNY4x%s0gt Leh Val Coal 68 ‘64 Leh Val Coal 55 '64 Leh Val Coal 6s ‘38 Leh Val Har 5354 ___ Leh Val Coal 58 ‘74 Leh V Pa con 4s 2003 L V Pacon 4%s 2003 Leh V RR con 5s 2003 Ligg & Myr 4 Lizg & Myr 75 "44 Loew's 65 "41_ Long Dock 65 '35 __. Long Is] ref 4549 Lorrillard 7s '44_. La & Ark 5 LouG& ESS'52 A __ L& N unif 4s '40 reg_ L& N 4%52003C L& N 552003 B McKess & R w.- 50 Manhat R Market St Ry e Marion St Sh 65 47 1081 1071 104 10615 1074 1041 1094 wv.’ 103 103% 6915 1004 % 1u-. 106\6 94) 100 10844 101 100% By the Associated Press. The Federal Reserve System -re- ported a drop of $252,000,000 in mem- ber bank reserve balances during the week ended September 18, reducing | excess reserves to $2,560,000,000. The change was occasioned, the statement showed, by a transfer’ of $210,000,000 of Treasury cash from commercial banks to Federal Reserve institutions during the period, accom- panied by an increase of $60,000,000 or non-member bank deposits and other Federal Reserve accounts. ‘The monetary gold stock showed a| further gain of $21.000,000 during the week, bringing total stocks to $9.240,- 000,000—$1,268,000,000 higher than last year. The conditions statement said: “The daily average volume of Fed-| eral Reserve Bank credit outstanding | during the week ended September 18, as reported by the Federal Reserve banks, was $2,485,000,000, an increase of $5,000,000, compared with the pre- | ceding week and of $12.000,000 com- | pared with the corresponding week in 1934. “On September 18 total reserve bank credit amounted to $2,472,000,- 000, a decrease of $7,000,000 for the week. This decrease corresponds with decrease of $252,000,000 in member‘ bank reserve balances and $6,000,000 in money in circulation and an in-| crease of $21,0000,000 in monetary gold stock, offset in part by incre: of $210,000,000 in Treasury cash and deposits with Federal Reserve banks | and $60,000,000 in non-member de- per cent. Every mile was flown with twin-engined passenger transports. The company also registered 99.9 per cent completion of the 1,400,000 miles it was scheduled to fly at night on its overnight coast-to-coast and other night trips. During the 60 days approximately 2,300,000 miles were flown on United'’s midcontinent airway linking New York, Cleveland, Chicago, Omaha and Salt Lake City to all major cities on the Pacific Coast. United's report states the midconti- nent airway has become the most heavily traveled long-distance route in the world. ABBOTT LABORATORIES | VOTES STOCK DIVIDEND By the Associaled Press. CHICAGO, September 20.—Direc- | tors of Abbott Laboratories yesterday voted a stock dividend of 33'% per cent, payable to stockholders of record | November 1. It was reported the stock would be issued as rapidly as | possible. Including 5,000 shares recently sold to employes, there will be 200,000 shares of stock of the company out- standing after the stock dividend has been distributed. | The directors were reported as| planning to continue the presént 50- cent per share dividend rate. HUDSON SAL.ES HOLD TO STEADY ADVANCE | ern district loadings, By the Assoctated Press The Association of American Rail- roads announced today loadings of | freight for the week ending September | 14 were 700,357 cars, an increase of 107571 cars over the preceding week, | 52,872 above 1934 and 40,271 above the corresponding week in 1933. While loadings were more than 9,000 below preliminary unofficial esti- mates, they were far above the weel ended September 7, when loadings were reduced because of the Labor day holiday. Miscellaneous freight, 262,378 cars, | an increase of 37311 over last week; 23441 cars above 1934 and 28451 above 1933. Less than carlot merchandise, 165,- 827, an increase of 24,451; 1,851 above 1934, but 6,955 below 1933 Coal, 138,563, an increase of 27.807; 20455 above 1934 and 12,008 above 1933. The increases were due in part to the fact the industry has speeded up | because bf the prospect of a strike. Grain and grain products 43.806 cars, an increase of 7,156: 6,012 above 1934 and 12.252 above 1933. Western districts, 31,586, an increase of 6,192 above 1934. Live stock, 17,713 cars, an increase of 2,763, but a decrease of 17.427 be- low 1934 and 2,357 below 1933. West- 13475, a de- crease of 16,715 below 1934. Forest products, 31245 cars, an in- crease of 4,372; 8,588 above 1934 and | 5.608 above 1933. Ore 34284 cars, an increase of | 3.222; 8.676 above 1934, but 8,623 be- | low 1933 I Offer (Subject to Prior Sale) 1,500 Automatic Guns @ $1.00 2,500 Automatic Guns @ $1.05 Thomas L. Hume (Established 1899) 1412 G Street N.W. NA. 1346-1347 777 7722777777777 Secured on Homes Safety and posits and other Federal Reserve &C-| gpecia) Dispatch to The Star. counts. Member bank reserve balances | Npw YORK, September 20 —Retail on September 18 were estimated 10 be | gajes of “Hudson and Terraplane cars approximately $2,560,000,000 in eXCess | ¢, the week ended September 14 to- of legal requirements. | taled 1,069, as compared with 1,013 in 51y 6 211 Yield Combined Mead Co 6s ‘46 Midvale S&0 65 '36 MilER&SL65s"1._. Mil E R&S L rt 5 MStP&SSM cn Can'dian Nt R4 %s'55 Can’dian Nt58’69July | Can'dian Nt 6569 Oct | Can’dian Nt R 55 70 Can'dian N db6 ;546 | 105% | 1071 | 108% 108Y% 2 1T | Berlin Elec 6% Berlin Elec 633559 Bolivia 7s ‘58 Obligations of Belgium lost as much 21, points and German government 7s were equally weak. Losses also Eoliva 82 47 Coke 6,539 cars, an Increase of marked bonds of Japan, Poland, Great 489; 1,286 above 1934 and 113 below Brazil 6%s '26- 1933, Brazil 6%s 27~ Brazil Ts —_— Index Climbs Sharply. Bolivia 8547 PBritain and Australia. Foreign (‘ opper Pl'l('C at Highest Mark in 2 Years the Assoctated Press. NEW YORK. September 20.—Export | copper was quoted today at the equiva- . lent of 8.70 cents a pound, the high- est level in two years. This was & slight advance over vesterday and marked the fifth consecutive daily rise. There was an active market for the foreign metal, with further talk of ac- cumulation for national defense pur- oses POIn the domestic. market fabricators were reported taking a good quantity | of the metal, cents a pound. Yesterday's domestic sales amounted to 1.416.000 pounds. or considerably under the Wednesday's heavy volume | of 2,954.000 pounds. New York Cotton By the Associated Press. NEW YORK. September 20.—A! further advance in cotton early today on a renewal of the recent buying movement was followed by reactios under realizing and Southern hedg- | ing | After selling up to 10.78, December ! eased off to 10.62, or 3 points net| lower, but later steadied up under| continued trade buying and covering The market in the late trading was steady at net advances of to 6 points. The market reacted late in the day under increased liquidation and South- ern hedge selling Futy res closed barely steady. 3-t lower | Hin October Decembnr 1 Cottons Bleachable cottonseed oil futures | closed steady. September, 10.26b; | October, 10.25b; December, 10.24; | January, 10.25; March, 1034. Sales, | 84 contracts, including two switches. | b—Bid. Liverpool Quotations. LIVERPOOL. September 20 (.—Cotton. 6.000 balss: American nil. Spot in fair de- mand: prices 12 points higher. Qquoia- s in_pence. American strict good mid- 7.13. good middling_ 6.83. strict | miadiing.” 668 strict_low | middiing. 6 6.18: strict | £00d _ordinary £00d ordinary. 565, Futures closed steady 5 5o January. 5.85; March, 5.90; Washington Produce (BUTTER_One-pound prints 8 sco I-pound prints (90 <ccce). . l-pound prints (X9 score;. ‘MERTS ZBeet, 11 19a20: pork 7aX: fresh hams. strip _bacon, 131221472 Hogs light oL i1 ‘compound. E STOf medium, which remained at 9 & Brazil 85 "41_ Bremen St 7s '35 Brisbane 5857 Brisbane 65 '50 Buenos A 6s ‘61 st Py Buenos A 6155 '61 Pv. BuenosA6;s'61stPv. Buenos A C 613855 Canada 4s 60 Canada ¢%s’ Canada 53 '52.. Chile 6560 _ Chile 6s'61 Jan_ Chile 6s 61 Febr.. Chile 6s '61 Sept. Chile 6562 Chile 6563 Chile 7s 42 _ Chile Mtg Bk 6s°61._ Chile Mtg Bk 6% 8'61. Cologne 6%s " .:0 < Coiombia 6s ‘61 Jan Coiombia 6s°61 Oct__ Copenhagen 4%s ‘53 _ Copenhagen bs ‘52 Cordoba 7s'42 Prv Y 214 101 101% 106% 13, 134 13% 13% 134 l“ ‘ 9y 100 334 961 10 101'; 8dy 95 1003, 70 26t 361 94 58 105 102% | 110 Cund’amarca 6%s°59 Czechoslovakia 8551 Denmark ‘V] Denmark 5 Denmark Gs 4 Dominic 15t 533542 Dresden Ts '45. El Salvador 8s'48 ct. Estonia s '67 Fiatdeb 7s'46._. Finland 6s 45 Finland 638 '56_ Frameric In 7% *42_ Frankfort 6%s 52 Frencn Gov 7%s"41. Gelsenkirchen 6s '34_ GerCBk A6s'38 __ Ger C Bk A 6560 Oct Ger Gen E} 6548 ____ Ger Gov 51565 Ger Prov & City Bk con Ag 6%s 58 Ger Rep 7s'49 Good HS & 17845 Grt Br & Ir 5%s ‘37 GrtC El Jap 6%s '50 Grt C El Jap 7544 Greek Gov 6s 68 Ha1ti 6s '52 Harp Min 6549 ww__ Hungary 71844 Febr coupon on__. Italy is 51 Ital Crd P W 7547 B. Japan 533 €5 Japan 6333 64 Lombard El 7s ‘53 Medellin 62%s 54 ___ Merid Elec 78’57 A__ Milan 63%s'52 Minas Gers 6345 Sept coupon off Montecatini 7s '3 | Montevideo 7s 5. New So Wales 55 '57_ New So Wales 55 58 Nord Ry 61s 50 Nor Ger LId 65'4Tnew Norway 5863 Norway 5%s '65.. Norway 6s 43 Norway 6s "44_. Norway 6s'52 Norw Hy El 5%s 57 Nuremberg 6s '52 Oriental Dev Oslo G & E 5563 Panama 5563 _ Paris Orl Ry 5%s ‘68 Pernam 7s 47 Sept coupon oft. Peru 636 Peru 65 %1_. Parufe g9 Ennany “ 10715 901, 931, 25% 90, 331y 37, 5613 48 B4y 98 45 104% 104 102 97 25 83% 100%, 53 13414 1344 12% 12y | Poiand 6s'40________ | Poland 7s"47________ 13% | Can'dian Nr db 78 "40 Can’dian Pe db4sperp | Can'dian Pc 4148 46 - | Can'dian Pe 4355 '60_ | Can‘dian Pc 5s | Caro Cl & O 5538 | Cent of Ga con 55 '45. | Cent of Ga 65’59 C | Cent 111 E & G 55 51 Cent N Eng 4561 | Cent of N Jznis'87re | Cent Pac 1strf 4843 Cent Pac 6560 Cent P Th Sh L 4554, | Cert'd deb 6138 48 Chesap Ccv cl 58 44 Chesap Corp 6347 C&Oxen 4%s 92 |C&O04%3"93 A &04%s'95 B & O con 53°39 “&0 R&A 2d 48789 hi & Alt ref 3549 Chi B&Q ref 58 71 Chi B&Q | dv 3%5°49 {Chl & E I11 68"51._ Chi & E 111 55 °51 ctfs Chi & Erie 1st 58 '82_ ChiG L&CHs'37_ | ChiGrt W 4s°5 |Chilnd &L 4 | Chi Ind & Louis 55'47 Chi 1 & L ref 6s Chil & L gen 6566 | Chi Ind & So 45 56 | CM&StP 45 89 _ | CM&StPgn 413583 C | CM&SIP 5875 ... | CMStP&P ad) 55 2000 Chi & NW 4158 2037 Chi & NW 43352 037C Chi& NW 4%5"49___ | Ch1& NW gn 6s'87__ | Chi & NW rf 58 2037 CENW Nr W 6%s ‘36 | Chi R I&P rf 4534 Chi R 1&P rf 45’34 cf. CRI&P 4%s"62 | CR I&P 4155 '52 ct: |Chi R1&P 435860 . | Chi T H&S 15t 55 '60 Chi T H&S ine 5s '60 | Chi Un Sta 48°63 | Chi Un Sta 43563 A Chi & W I con 4852 Chi& W 153 C&W1 15t 1151:562 C Childs & Co 58 Chile Cop deb 55 47 Cin Gas El 43 68 A __ CCC&StL gen 4593 CCC&StL rf 4%8'17E CCC&StL rf 58 '63 D | CCC&SILCW&M4s'91 | CCC&SULStL dvas' | Clev Short L 43 Clev Un Ter 438°77_ Clev Un Ter 55'13 B Clev Un Ter 5%£ 724 Colon Oil 65’38 .__ Colo Fuel & Ir 5s’43. Cojo Ind cl tr 55 ‘34__ Col & So 4%s°80____. Columbia G & B 58’52 May Columbia G&E 5s°61 Con Coal Md 5s'60 cfs Con Coal Md rf 63 '50 Con Gas N Y 43551 Con Gas N ¥ 6857 Con G N Y db 6% 845 Consumers Pw &8 ‘62 Container deb bs'43.. Container 6s°46 Crown C& S6s" Cuba R R 1t 5852 __ Cuba R R 6s 3¢ Cuba R Rref T%s'36 Cuba Nor RR 5%s '42 Del & Hud ref 4s - Del & Hud 5% |C |c « Den G & E 5851 ! Den & R G cn 4536 Den & R G 414536 Den & RG W 5855 | Den&RGW 55'65 asst Det Edison 4 %5'61 D 10214 881y 1001y 89 10615 » 1067 | MStP&SSM 65 ‘38 gt_ | MStP& MStP& Mo I11 6s 59 | Mo K & T 1st 45 '90. MoK&T4s'62 B MoK & T 5562 A | Mo K & T ad) b8 '67 Mo Pac 4s " Mo Pae 6s'65 A Mo Pac 58’71 F Mo Pac 58 *77 F ctfi Mo Pac 6878 G Mo Pac 6581 1 ac s ‘811 ctfs 515849 A 5% Mob & Ohio 55 '38 7 Monong Ry 1st 48 60 103'¢ Mont Pwr ref 6543 1061y Morris & Co 412839, 103!, Mor & Esx 333 2000 % 90'0 Mor & Esx 438 ‘65 Mor & Eex 58’55 Muiray Body 6% Nat Acme 6542 261, 241 25'y 25 245 1005, —-. 1041 105 8 &1 8015 ew Or GNR 58 '83 A ew Or P S 55'52 A ew Or PS 58'65 B__ | New Or Ter 1st 4553 New Or T&M bs ‘54 B New Or T&M 55 '56 C New Or T&M 5148 ‘54 Y Cent rf 4%s 2013 YCrf4%s2013n_. Y Cent ref 55 2013 N Y Centcv NYC&StL 1=: 4537 NYC&StL 418 78_ NYC&StL'6%s ‘T4 A NYC&StL 1st 68 '35_. N Y Dock 1st 43 '51 N Y Dock 63 ‘38 _ | N Y Edison 5551 C NYEdrf6:s'4lrs. NYL&W 1st 43’73 S&W 1strf 58’ 37 W gen 5s°40 . m.[; Sh 6%8°'50 Norf So 1st ref 51 94% | North Am Ed 5569 C 94r | North Am Ed b3%s '63 30 | Nor'nOT & L 6847 36%4 | Nor'n Pac gen 33 2041 Nor'n Pac4s'31_____ Nor'n Pac 433 2047_. Nor'n Pac 65 2047 C_ Nor'n Pac 6s 2047 D_. Nor'n Pac 65 2047 _ Nor'n St P 1stss'41A. Nor'n St P 6341 B Ohto River gn 5s°37_ 01 Ben C 15t 65 46— Ont Pw Niag 55 43 Ore RR & N 4546 Ore W R R & N 48761 Otis Steel 6341 PacG & E 5s'e2 Pac RR Mo 1st 4s5°38 Pac Tel 1st 68 '37____ Pac T&T ref 58 '52_. Pan-Am P C 6s'40 Pan-Am P C 6s'40ct Par-B'way 51851 ct 105'% 1054 104% 93 1031 1051, 48k 45% 49 96 106% 40 623, 24' A 24 | S48 23% 1094 | 1% | 1015, | B0t | 881y | 89 95 106% | | So Ry gen 48’56 A | So Ry 6594 3 | Sln A&A Pass | Shell Pipe L | Southw Bell T 55 ‘54 “Relatively small changes were re- ported in holding of discounted and | purchased bills and industrial ad- ' vances. An increase of $50.000.000 in holdings of United States Treasury notes was offset by decreases of $28,.- 000,000 in United States bonds and $22,000.000 in Treasury bills." i Changes in the amount of Reserve bank credit outstanding and in relief | items during the week and the year ended September 18, 1935, were as follows (in millions of dollars) : Bent. 1. Sept. 1. Sept. 19, | 19: 19 1934 Bills discounted _ 1 - Bils bought 8. Govt. securi-, ties O Industrial advances n including 27 000,000, com= mitments —— Sep- tember 181 ouer Rierve Bank Tmul Reserve Ban K, redit I Monetary xold stock Tressary wnd Na: tional Bank cur-, renc 2 ey 7 in Circuia tion = Treasury cash and d-posils with Eoderal Reserve, ni s < Non - member de-~ posits and other Federal Reserve accounts = e BT BALTIMORE STOCKS Special Dispatch to The Star. BALTIMORE. September Bales. STOCKS 440 Arundel Corp Pa w TRz T 'unllsrnden. Guar 10%: 10%g | Low. Clese. | StL-SF4s'50 Acfs_ T St L-SF 434s'78 StL-SF 4%s'78 cf st StL-SF68'50 B StL-SF StLS W 2d St L SW 1st ter StLS W gnrf b StPKCSL4%s'41 St P M&M ext 55 °43_ 913 Seabd A-F1 65'35A ct. Sharon S H i%ls‘:l Shell Un Of1 58 *47 Skelly Oll 6% s 39 So Bell T&T bs 41 So Colo Pwr 6s 47 A_ So Pac col 48°49 So Pacref 48 '65____ o Pac ¢%s 81 So Pac Ore ¢%s 77 So Pac S F Ter 4s 5 So Ry gen 63 So Ry G1s'56 SoRy M &0 4s'38 Stand OII N Y 4338’61 Studebaker cv 6s ‘45 the preceding week. This was an increase of 111, per cent over the corresponding week of 1934, The company announced that dealer stocks have been reduced to a point at which there is now an aver- | age of about two cars to a dealer. CHICAGO STOCK MARKET CHICAGO. September 0 (. —Follow- ing is the complete official list of trans- actions in stocks on the Chicago Stock | Exchange tacm | Sales Abbot TAp ) Adams Rov ) Advance Alum OCKS. oK | Brown FAW 400 Butler Bros 100 { Lowssvil 10 Goldblatt 1350 G frs A vl Unit 00 Mid West 4100 Midland 100 Modine, 50 Musk_ Mot Sp A 1000 Noblitt-Bonrks 100 Nor Winter._Z Co.. 200 Pines 100 Potter 15 10 & T Nat Stk_vas ) Signode St pf__ 100 So Colo_Pow A ) Sivver Stl Cast ) Std’ Drede td Drede Bl Sutherland Paper s | Cer §:2 | Intl Tel & Tel | Lake Erie & Wes NEW YORK. September Associated Press seaso y index of freight c: SHORT-TERM SECURITIES. tReported by Chas. D. Barney & Co.) B! 101 % CONSTRUCTION LOANS AND LOANS ON IM. PROVED RESIDEN. TIAL PROPERTY in the District of Columbia and Nearby Maryland. 5Y2% Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100 Lehie= Valles Coai 5 19: Nish 5 Michiean c-mm 45 19 Chi & St NEW YORK BAR SILVER. NEW YORK, September 20 () — Bar silver quiet and unchanged at 65%. For INVESTMENT Six per cent First Trust Real Estate Notes, well secured on new residential Washington property. BRADLEY, BEALL & HOWARD Phone NA, 1. Southern Blds. Established Over 35 Years For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy thiy MONEY FOR CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTIES 512% FIRST DEED OF TRUST ONLY GEORGEI BORGER Successor _to the business of JAMES F A 643 Ind. Ave. N.W. MIMBER. BUILOWG & LOLY ASSOCIATION COUNCIL of O.C. | Permiarienl BUILDIN& ASSOCIATION REAL ESTATE LOANS | As Mongage Lean Correspondent of the Metropolitan Life Insurance Company. we have ample funds available for loans in the District of Columbia and nearby Maryland and Virginia. Repayable monthly at— $7.50 PER $1,000 Swift& Co3% Tenn Cent 6s ‘47 | Tenn C&C 65'44 B __ Tenn El Pw 6547 A_ Texarkana 6% ‘50 8l i | Tex Corp cv bs 44 1 3 g 430 Wil i Tex & Pac bs'17 B 2 92 Ra : Tex & Pac 55 '79 C Tex & Pac6s'80D . | Tex&Pac 1st 5s 2000 Third A ad In ex 58'60 Trumbull Stl 6540 __ Un EJ L&P 65 '57 UnEL&P6%s'54 - UnOCal6s 42 A Un Pac 1st 4847 Un Pac 4s 68 Un Pac 1st rf 4s 2008 Un Pac 4%s '67 Unit Biscult 68 '50_.. Unit Drug 5863 _——— | Adaitionas U S Rubber 55 '47 . 9713, piled by the Assoc! Utah L& T 6 A 90k | o SOF Utah P& L 68" Util P & L 53°69 ww_ UtIP&L5%s 47 Vanadium cv §s 41 Va E&P 18t rf 6866 A Va Ry 1st68°62A___ Wabash 1st 58°39 . Wabash 5576 B_____ 14l5‘- 109% 105% 4T 15 100 125 3 100': 100%3 76 76 T6ln~T6% Toughs _ 5 00" pigs Calves: 5.00a0:00; Tambs. 5 008k 3 Prices by the United States Bureau of Agricultiral Economics EGGS—Market _gener: chanzed prices hennery whites, large. da And dated white eggs (mcludmg srading ang marketing costs): U. 8. cxtras large. 4°: s. 36:,U. 8. stand- LIVE POL’LTRY Market steady. Price unchanged. Stocks of Spring chickens & cumulated earlier in the week being duced. Fowl: Colored. heavy. 1K Leghorns, > chickens 5 961 90'% 1043 1021, 110% 1027 106 Param’t Pietures 6s Penn Dixie C 6s 41 Penn O & D 4148’77 PennRR 3%s'41 B _ Penn R R con 4s'48__ Penn RR 4% D. Penn R R 4%s '8¢ Penn R R g0 G%I'll Penn R R db 418 '70 Penn R R 4%s°63 . Det Edison rf 5849 Det Edison 5552 | Det Edison rf 58" | Dul S S & At 5837 st Cuba S 73837 1067 | ;T V & Ga cn 58 ‘56 32% | KA EIIIN Y 5595 ELP &S W-ref 58 65. Erfecv 48’53 A | Erfe cv 4553 B. Erfe 45 96 Erie gen ¢5'96 Erie ref 6s '67 Erfe ref 5575 Erie & Jersey 685 Fed Lt & Tr Int 5542 Fed Lt & Tr bs '42 st- Fed Lt & Tr 6542 . | Fla EC Ry 43859~ Fla EC Ry 65'74 4| Fla EC Ry 5 T4 cfs. Poland 8s Prussia 6s Prussia 6%s '51_____ Queensland 6s '47_... 106'5 Queensland 7s *41__.. 107% Rhein-Main 7s *50._ Rhein-Rhur 6s°51_. Rhinelbe Un 7s "46 Rhine W El P 68 '52_ Rhine W EI P 65 '53_ Rio Gr do Sul 68 '68 June coupon off__ Rome 6%s '52. Santa F Arg 78’52 stp 53 Sao Paulo St 7s ‘56 Sept coupon off ___ Sao Paulo St 8336 July coupon off__. Sao Paulo St 8s '50 July coupon off__. 15% Saxon Pb W 78°45 __ 3314 Serbs 7s'62unmcon 26y ‘62unmcon 26 CHICAGO, September 20—Direc- | Siomong & B 6ss o1 At tors of the Public Service Co. of Siemens& H 7s'35 Northern Illinois yesterday declared | Silesia Prov 7s8°58 a quarterly dividend of $1.50 a share | Silesian Bk 65’47 on the 6 per cent preferred stock, and | ;flz"lg‘f’.‘;f*' = another of $1.75 on the 7 per cent | 1okio preferred. Tokio El Lt 6853 Trondhjem 5%s ‘57 - No dividend was ordered on com- | Un Sti Wk 6 mon shares. The company reported net income of $103,991 for August, compared with $69,222 for August, 1934, before pro- | vision for preferred dividends. Net income for the first eight months of ‘the year was reporied as $2,026,721, and for the same period of 1934, $1,994,630. —————— | GASOLINE PRICES IMPROVE. NEW YORK, September 20 (#).— The Midwest tank car market has firmed aguin following a period of un- certainty in the gasoline price trend, | according”to trade advices. Refinery buying is reported to have removed practically all of the supplies which | had previously caused some pressure + on the market. 109% 105% 474 15 | 5%2% L INTEREST | NO COMMISSION CHARGE WEAZR Brog ediums, — COMMODITY PRICES NEW_YORK. September 2(.—The Asso- cisted Press wholesale price index basic commodities_today declined Preivous day. 75.81: week ag month ago. 72 86: year ago, 6847 Range of recent years 14a16: roosters. Plymouth Rocks, mixed colors. weighing Guinea fowl, Srain around 1: young. 351 00 pair. DIVIDENDS ORDERED BY ILLINOIS UTILITY By the Associated Press. 13% District 9136 25'% 111% 111% 111% 110% iscellaneous Markets. New York markets ‘htzd ress) o No. No WSGRAY ORI Ak Trelent oflenms lneluded 'Santos Bourbon s and at .10 Rio futu; closed 3 arch. . May, steady Phila& RC&153°T3 Phila& RC& 16349 Philippine Ry 48°37 Phillips Petr 6%5°39 PCC&SL 435740 A_. PCC&StL 4%8'77C. PCC&StL 5870 A Pitts&WVa 418’584 Pitts&WVa 438598 Pitts&WVa 4%860C. 64'z 6415 | Port A C&D 6s 5! 5% 2 i Port Gen El 4%s'60_ 3 ] "SUG. P No. '1 X 38N 4 39 . Ll s | R | | Gen Am inv 63°52_ .. Gen Cable5%s°'47 Gen Pub Sve 5%s '39. : Eqilitable Co-Operative Bldg. Ass'n Toaeal ASSETS $6,492,976.24 f R closed auiet, un i Ry ORGANIZED 1879 55th YEAR COMPLETED Subscriptions for the 109th Issue of Stock Being Received TOP: i o RUDI Ulm—?mur s closed steady. 14-17 higher: sales. n No. contracts. _ September. 130 1051 105" 1124 1121 67 67 67 67 33% 331 Uruguay 65 "6 3812 Warsaw 7s°58 6814 Westphal E1 P6s'52 32% Yokohama 6s 61 84l 84u DOMESTIC BONDS. Abr & Straus 5%s 43 102'% 10214 Adams Exp ¢s ¢3 4 98 42% Alb Per WP 6s'48ww_ Alb&S 3%s 46 rg gtd Gotham Silk H s 36 Gr Trk of Can 6s 36 Gr Tr'’k of Can 78 '40 Gt N Rgen ¢%4s8'76 D GtNRgen llfl.l"l'l E Gt N R gen 53’73 C GtNRb%8'62B GtNRgen7s'36 A Green Bay 6862 B__. Gulf M & N 63 60 Guif M & N 5%8'50_. Har Ry-P C 15t 4s 54 Hudson Coal 6s 62 Houston Of1 § Hud & Man inc bs '57 Hud & Man ref §s 57 111 Befl Tel 6858 111 Cent coll tr 45 °5: 111 Cent col tr ¢ 111 Cent ret 111 Cent 4%8°66 69% 68 I11 Cent Lou 3155 '63. 112% 112 ICC&StL NO 445 63 ICC&St L NO 58 63% 63% lth 110% 111% Inland Stlé%s 1 B. l.“fi 104% 104% Postal Tel & C 68 '53. Pressed Stl C 6s 33, PubS El &G 4s 71 PubS El1 & G 414867 Pure Ol 4% '50 Purity Bak 58 '¢ R-K-O 6s'41__ Reading Jer C4s 51 Reading R 4%s°97 A Reading R 4%5'97 B Rem-R 6% 847 A 'A' Do You Desirealoan —on Real Estate or to Take Up First Mortgage? 107% 1074 10415 104 96% 974 July. ‘BAW HIDE Futures closed easy. December. March. 11.45. 963 T4 71, 69 97 ' 97 105': 106% 105's 105 A crack anuhle 103% 103 929 105'% 105% n Un el o4 e“brlgxla?"ncf}:o:mx"" 13-155. 1.88, 31 29y ” R s SN T 77 1025| MONTREAL SILVER. TT% 17 33% 334 lf??‘ MONTREAL, September 20 b —Silver 3 | futures ciosed firm. 40 to 63 higher; sales. | 107% 107% n 21 tracts. R1A&L 1st4%% 10 10 ‘5»1 contract Hieh, September 66.25 StJo Ry L T&P 5537 104 104 9% October mx 10 9815 | December StLR 8 ‘66~ Marcn 8658 Al 98% | Marchoo- StL-8F ¢ 50 closed irregular, wer: sales. ) bale West'n Md 1st 45°53. - 1,m~n Decrmher ah West'n MAE%s 77 104% West" nNY&P zn ll‘t! 106% 102% 981 pr [OSE desiring money to purchase a home, 4 refinance present indebtedness or improve property should consult us. Applications will receive prompt and courteous attention. 9814 T 68% 23% 161y 108% 951 1013 102% it Alleg Corp 65 ‘50 Alleg Corp 68 '50 stp Alleg Valley 4s '42 Alliéd Stores 41%s ‘50 Allls Chalm bs 37 Am Beet Sug cv 65’40 Am & For Pw 68 2030 Am I GCh5%s 49 Am Intl 534849 Am Roll Mill 43,849 Loans Repayable Monthly Take 12 Years to Repay Your Loan | 915 F St. N.W Richfield O 6s "¢4 efl RG W 1st ex in 0: ‘39 4+ 16 10817 108 West'n Un 6%s8°36 - 96 9% Wheel Steel 435 '53 W Sp Stl 1st 75 ‘35 ct W Sp Stl con 7s '35 ct Wilkes B&E 58’42 Wis C 1st gn 4849 Youngtn S&T 68’70 B 989 Youngtn S&T 58’18 A 98% 107% 10 104 101% 101% 103 102% \ X